Relx (NYSE:RELX) Shares Gap Down - Here's Why

Relx Plc (NYSE:RELX - Get Free Report)'s share price gapped down before the market opened on Thursday . The stock had previously closed at $55.05, but opened at $53.50. Relx shares last traded at $53.63, with a volume of 127,447 shares.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on RELX shares. Wall Street Zen downgraded Relx from a "buy" rating to a "hold" rating in a report on Tuesday, March 4th. The Goldman Sachs Group started coverage on Relx in a research report on Wednesday, March 26th. They set a "buy" rating for the company. Morgan Stanley reiterated an "overweight" rating on shares of Relx in a research report on Wednesday, April 16th. Finally, Barclays upgraded Relx from an "equal weight" rating to an "overweight" rating in a research report on Friday, March 14th. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy".

Relx Trading Up 0.1%

The company has a current ratio of 0.52, a quick ratio of 0.47 and a debt-to-equity ratio of 1.46. The company has a fifty day simple moving average of $52.28 and a 200-day simple moving average of $49.42. The company has a market capitalization of $99.63 billion, a PE ratio of 29.02, a PEG ratio of 2.73 and a beta of 0.86.

Institutional Trading of Relx

Large investors have recently added to or reduced their stakes in the stock. CENTRAL TRUST Co grew its holdings in Relx by 1,290.2% in the 4th quarter. CENTRAL TRUST Co now owns 570 shares of the technology company's stock valued at $26,000 after buying an additional 529 shares in the last quarter. Larson Financial Group LLC lifted its stake in shares of Relx by 612.5% in the 1st quarter. Larson Financial Group LLC now owns 513 shares of the technology company's stock valued at $26,000 after purchasing an additional 441 shares during the last quarter. WPG Advisers LLC acquired a new position in shares of Relx in the 1st quarter valued at $28,000. Golden State Wealth Management LLC lifted its stake in shares of Relx by 100.0% in the 1st quarter. Golden State Wealth Management LLC now owns 588 shares of the technology company's stock valued at $30,000 after purchasing an additional 294 shares during the last quarter. Finally, Cornerstone Planning Group LLC lifted its stake in shares of Relx by 325.2% in the 1st quarter. Cornerstone Planning Group LLC now owns 693 shares of the technology company's stock valued at $37,000 after purchasing an additional 530 shares during the last quarter. 15.02% of the stock is currently owned by hedge funds and other institutional investors.

About Relx

RELX Plc engages in provision of information and analytics solutions for professional and business customers across industries. It operates through the following business segments: Scientific, Technical & Medical; Risk & Business Analytics; Legal; and Exhibitions. The Scientific, Technical & Medical segment is a global information analytics business that helps institutions and professionals advance healthcare, open science, and improve performance for the benefit of humanity.